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Industrials : Professional Services | Small Cap Value
Company profile

ManTech International Corporation is a provider of technology solutions and services for the United States intelligence community, defence and federal civilian agencies. The Company is engaged in offering a spectrum cyber, data collection and analytics, enterprise information technology (IT) and systems engineering and software application development solutions that supports national and homeland security. It provides services and solutions that support missions of national priority, such as global cyber operations, military operational readiness, information technology (IT) and digital modernization, and national security threat intelligence and analytics. It focuses on cyber network operations, defence, analytics, hardening and resilience, security orchestration, automation and response, range and training, and risk management and compliance. It also provides model-based systems engineering, predictive analytics, data/computational science, and cloud engineering solutions.

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Biden pushes electric-vehicle charging plans as he says agenda won't add to inflation pressure

6:02 pm ET November 17, 2021 (MarketWatch)

Robert Schroeder

President Joe Biden on Wednesday visited a General Motors (GM) electric-vehicle plant in Detroit, where he talked up how the newly enacted infrastructure law aims to boost the EV industry -- and touted reports that his agenda won't worsen inflation.

Biden was slated to visit the plant to deliver remarks on "how the bipartisan infrastructure law creates a future made in America, builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country," according to the White House.

The law, signed by Biden on Monday, contains $7.5 billion for charging stations for electric vehicles.

Read:Biden signs bipartisan infrastructure bill into law, authorizing big spending on roads, broadband, EV chargers and more

Also see:Billions of dollars in infrastructure bill for charging could supercharge electric vehicle adoption

The president kicked off his remarks by citing reports from ratings agencies that said his agenda won't add to inflationary pressures. Republicans have attacked Biden over rising inflation, with Sen. Rick Scott of Florida, who heads the Senate GOP's fundraising arm, telling The Wall Street Journal the issue is a "gold mine for us."

Democrats' separate social-spending and climate bill -- which could see a vote in the House of Representatives this week -- contains new tax credits for EVs, of as much as $12,500. Even if approved in the House, however, the measure would face changes in the Senate, where moderate Democrat Joe Manchin of West Virginia has objected to certain provisions. Unlike the infrastructure bill, no Republicans are expected to support the social-spending package.

Now see:House Democrats plan EV tax credits of up to $12,500, as Republicans, Tesla, Toyota voice objections

And read:A 'Made in America' tax credit -- what car buyers considering a Tesla, Rivian or other EVs need to know about Build Back Better

The president's visit came as he is again pressing the federal government to examine rising gasoline prices. In a letter to Federal Trade Commission Chair Lina Khan, Biden asked the agency to immediately "consider whether illegal conduct is costing families at the pump," as he said there's "mounting evidence of anti-consumer behavior by oil and gas companies."

-Robert Schroeder


(END) Dow Jones Newswires

November 17, 2021 18:02 ET (23:02 GMT)

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